-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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How does the proliferation of data centers that consume a lot of energy reconcile with Pritzker’s green initiatives? Or are data centers growing due to the increased use of cloud computing, which might be considered a net-zero energy impact?
It appears that Illinois electricity costs are just slightly above the national average.
Let’s see where that goes with the SJW intent to ruin everything.
https://www.chooseenergy.com/electricity-rates-by-state/